Silicone Fabrics Market by Base Fabric (Fiberglass, Polyester, Polyamide, and Others), Application (Protective Clothing, Industrial Fabric, Clothing Fabric, and Others), End Use (Industrial, Consumers, Automotive, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 4.5 billion mark in 2022 and is expected to hit US$ 7.1 billion by 2030, recording approximately a CAGR of 6.5% during the forecast period.
Silicone fabrics market has been significantly growing with growing demand from various end use industries
Growing demand from consumer, industrial and automotive industry from emerging economies, stringent government regulations and steady growth in demand for protective clothing, and growing usage of silicone fabrics in construction and manufacturing sectors are some of the major factors driving the growth of the market. The fiberglass segment is expected to pace up with low cost, high performance, strong resistance to heat & water, suitability to several industrial application, and others. Further, stringent government regulation in developed as well as developing countries. Further, polyester and polyamide segment are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into base fabric, application, end use, and geography. By base fabrics, the market is further segmented into fiberglass, polyester, polyamide, and others. On the basis of application, the market is segmented into protective clothing, industrial fabric, clothing fabric, and others. By end use, the market is categorized into industrial, consumers, automotive, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Growing penetration in medical and healthcare sector has empowered the growth of futuristic innovations.
Silicone fabrics are fiberglass which are coated or impregnated with silicone. They add extended physical properties to the compound such as abrasion, tear resistance, water resistance, and others. the use of silicone fabrics in medical and healthcare sector is attributed by its various benefits offered by the fabrics such as flame resistance, skin friendly, nontoxic, and amongst others. Further, the key manufacturers in the market are developing innovative products suitable for healthcare sectors and increased demand for silicone fabrics from countries of developing region such as North America and Europe.
Rising adoption in various industries is one of the major factors accelerating the market growth.
The industries for silicone fabrics are industrial, consumers, automotive, and others. Within these industries, industrial sector is one such industry, wherein the use of silicone fabrics is increasing owing to its use across several industrial application such as insulation, conveyor belt, gaskets, heat shields, hoses, and amongst other. With growing industrial sector globally has surged the demand for silicone fabric during the forecast period. The consumer sectors have also witnessed an extensive use of silicone fabrics owing to increasing demand for fabrics with advanced physical properties.
Recent strategic developments in silicone fabrics market
The silicone fabrics market has undergone several significant developments, and a few of these have been mentioned below:
- In July 2018, Trelleborg Group acquired the US based Laminating Coating Technologies, Inc. (Lamcotec), which is engaged in manufacturing of coated fabrics.
The silicone fabric market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Elkem ASA, 3M, Nott Company, Trelleborg Group, and Newtex Industries, Inc are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Silicone fabrics related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Application industry of silicone fabrics industry
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Base Fabrics:
- Fiberglass
- Polyester
- Polyamide
- Others
- Application:
- Protective Clothing
- Industrial Fabric
- Clothing Fabric
- Others
- End Use:
- Industrial
- Consumers
- Automotive
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Elkem ASA
- 3M
- Nott Company
- Trelleborg Group
- Newtex Industries, Inc
Companies profiled
- Elkem ASA
- 3M
- Nott Company
- Trelleborg Group
- Newtex Industries, Inc